Power generation in Nigeria gets a boost after repair of the vandalised Escravos-Lagos Pipeline network by the Nigerian National Petroleum Corporation (NNPC), according to reports by THISDAY. It was gathered that the repair of the pipeline has enhanced the supply of gas to the biggest power generating plant in the country. A source at the Nigerian…
Evidently the repairs of Nigeria Refineries will ultimately reduce the quantity of petroleum products import which is currently constituting a big shame to Africa’s most populous nation and the continents biggest economy by GDP. Low oil prices have hurt Nigeria’s upstream revenues but a long-overdue administrative restructuring of the national oil company and improved production…
manufacturing may be cheaper in the USA than in China – thanks to hydraulic fracturing. Recently, the Boston Consulting Group found that average costs of manufacturing goods in the United States are currently only 5 percent higher than in China. It projects that by 2018, costs will be 2 to 3 percent lower in the…
News Reuters 12th August 2015. Iran has said the development rights for its Farzad-B gas field will be available to Indian companies after concerns in New Delhi that cash-rich European firms could clinch the contract. A consortium headed by ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp, in 2008 discovered the…